Factors driving the market include the exponential rise in online transactions and digital payments, which have simultaneously heightened vulnerabilities to fraudulent activities. This necessitates robust systems capable of swiftly identifying and mitigating potential threats before they impact users and businesses.The Global Fraud Detection and Prevention Market size is expected to be worth around USD 226.0 Billion by 2033, from USD 36.5 Billion in 2023, growing at a CAGR of 20.0% during the forecast period from 2024 to 2033.
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